Bitcoin Up over 50% 2017 Why?

**triplecrown333** · 02-17-17, 07:33 AM

Imo,highest bit coin can reach is parity with gold per ounce,anything over the price of gold is ridiculous, gold is tangible...

**jjgold** · 02-17-17, 08:21 AM

no idea

Who knows maybe wave of future

**hostile takeover** · 02-17-17, 09:01 AM

digital currency might be the future but it wont be bitcoin.

absolutely no way establishment govt and all the obama, bush, clinton holdovers would allow a currency that they didn't have complete control over. no way

**Smartmoney87** · 02-17-17, 10:52 AM

Originally posted by hostile takeover

digital currency might be the future but it wont be bitcoin.

absolutely no way establishment govt and all the obama, bush, clinton holdovers would allow a currency that they didn't have complete control over. no way

If the winklevoss etf pass's bitcoin's gonna skyrocket. over 300 million will be pumped in the first week. I hear ya on establishment gov trying to put there foot on it but trumps admin is different. There are multiple pro-bitcoin enthusiasts involved in the current Trump administration, including Mick Mulvaney, director of the U.S. Office of Budget nominee, Peter Thiel, PayPal co-founder, Balaji Srinivasan, 21.co-CEO and potential FDA director nominee, Travis Kalanick, Uber CEO and others.

**BuckyOne** · 02-17-17, 12:59 PM

If you can manage the risk of bitcoin fluctuations by countering long positions at wherever with a short position at a currency exchange we have something. What we have is the ability to move money in a low cost manner with little scrutiny. The gambling money that moves is just the tip of the iceberg. To hold it long or short is pretty risky as some of the fundamental factors that drive it up and down are really hard to analyze.

**semibluff** · 02-17-17, 09:48 PM

I watched the fluctuations during the build-up to the Brexit vote. I wouldn't be surprised if some people/organisations were using it as a hedging device against other economic factors. It's cheaper than other currency transactions and subject to less public scrutiny.

**BuckyOne** · 02-17-17, 11:27 PM

How about spread possibilities? Does bitcoin ride along up on any given currency? Short bitcoin - long what? LoL

**Unwritten Law** · 02-20-17, 09:43 AM

How to Profit from the SEC Decision on The Winklevoss Bitcoin ETF

http://bitcoinist.com/sec-decision-winkelvoss-bitcoin-etf/

Considering the current odds for approval of the Winklevoss' Bitcoin ETF, let's look at how you can profit from whatever the SEC may decide.

**sweethook** · 02-20-17, 09:55 AM

dare to be great ...con

**Smartmoney87** · 02-22-17, 08:03 AM

Originally posted by triplecrown333

Imo,highest bit coin can reach is parity with gold per ounce,anything over the price of gold is ridiculous, gold is tangible...

Another 100 and it will hit the price of gold per ounce. I can't knock gold as an investment cause it will always be the safest commodity there is. What I can knock is going in with the mindset of not investing in something because it is not tangible. Look at the internet for example. It is not tangible at all but trillions were made in the first 10 years of adoption.

**jjgold** · 02-22-17, 08:16 AM

Bizarre

People made killings

**Smartmoney87** · 02-22-17, 08:18 AM

Originally posted by semibluff

I watched the fluctuations during the build-up to the Brexit vote. I wouldn't be surprised if some people/organisations were using it as a hedging device against other economic factors. It's cheaper than other currency transactions and subject to less public scrutiny.

I watched the brexit buildup closely too it was interesting. I'm sure there are some using as a hedge device and more to come. This is the most active bitcoin has ever been. There are many different factors that are driving the price right now. Before in the other hills and valleys over the short life of bitcoin there were few factors in each spike and stood out to the naked eye. Right know there are 3 times as many as ever before. The top 5 that come to mind right now are
1. Winklevos etf scheduled for march 11.
2. China's crackdown and move to regulate it.
3. Japans move to play bigger role in bitcoin world.
4. Venezuela and there economical mess.
5. Mexico's increased attention in bitcoin due to trump presidency.

**vinndy** · 02-23-17, 05:03 PM

Can Trump eff this up?

And I assume this type of news should hurt, right?

http://www.coinspeaker.com/2017/02/23/danish-police-worlds-first-trace-bitcoin-transactions-convict-drug-dealers/

**Smartmoney87** · 02-23-17, 07:19 PM

Originally posted by vinndy

Can Trump eff this up?

And I assume this type of news should hurt, right?

http://www.coinspeaker.com/2017/02/2...-drug-dealers/

Why's it gotta be about Trump effing something up. Everything Trump is doing is to help the USA. Unlike many of his other predecessors. So get off his D he's trying to help us. Your link doesn't work but reading the title it looks it has to do with bitcoin and drug dealers there have been countless articles for years like that. It hasn't effected bitcoins price as it hits a new all time high and about to surpass gold.

**RoyBacon** · 02-23-17, 08:02 PM

Momentum is unreal. Trading at $1185. Every $10 drop is followed by a $15 surge. $15 from $1200. $1220 by tomorrow.

**vinndy** · 02-23-17, 08:45 PM

Originally posted by Smartmoney87

Why's it gotta be about Trump effing something up. Everything Trump is doing is to help the USA. Unlike many of his other predecessors. So get off his D he's trying to help us. Your link doesn't work but reading the title it looks it has to do with bitcoin and drug dealers there have been countless articles for years like that. It hasn't effected bitcoins price as it hits a new all time high and about to surpass gold.

Chill dude, I am a Trump supporter so that wasn't why I said that. I should have been more clear, but I was looking at it from a keen business persons perspective such as him, he may be able to find a way to regulate it more which could impact price. Also I am new to bitcoin so sorry if I posted old news with that article.

**Grivas_Digeni** · 02-23-17, 11:29 PM

$1212.02 / 1130.01 euro

This is Southern Utah Thunderbirds-like momentum!

Originally posted by RoyBacon

Momentum is unreal. Trading at $1185. Every $10 drop is followed by a $15 surge. $15 from $1200. $1220 by tomorrow.

**RoyBacon** · 02-23-17, 11:36 PM

Was $1221 briefly on Bitfinex. Resting at $1216.8 now. Really unreal.

**Smartmoney87** · 02-24-17, 12:58 AM

Originally posted by vinndy

Chill dude, I am a Trump supporter so that wasn't why I said that. I should have been more clear, but I was looking at it from a keen business persons perspective such as him, he may be able to find a way to regulate it more which could impact price. Also I am new to bitcoin so sorry if I posted old news with that article.

It's cool just thought you were coming at Trumps neck. I tired of hearing all the anti trump bullshit. People need to wake up and realize he's here to help America. Onto bitcoin any regulation that gets put into place on bitcoin is a good sign. I signify's clarity and is a sign bitcoin is definitely here to stay. Early on in the bitcoin world everyone was talking about possibility's of it hitting anywhere from 50,000 to 100,000 after all 21 mil plus coins are mined. The biggest step everyone said to hitting the 50k to 100k was regulation. As soon as it gets regulated it will take off.

**Smartmoney87** · 02-24-17, 12:58 AM

"Was $1221 briefly on Bitfinex. Resting at $1216.8 now. Really unreal."

I know it's crazy quite a surge

**vinndy** · 02-24-17, 08:59 AM

Alright well I'm going to ride this train till the wheels fall off or I get to retire. Thanks!

**RoyBacon** · 02-24-17, 10:14 AM

Saw an article making the case for a $25,000 per BTC price.

We know that demand for retail is growing but todays price is well ahead of that dynamic. The best argument for much higher prices is the reserve currency one. Many countries have worthless and highly leveraged currencies. Even the US. BTC is a more finite gold with extreme liquidity. Gold is liquid too but can not be transferred through blockchain.

**silverdollar444** · 03-02-17, 09:59 AM

I had 39 coins at $650 last summer and BTC was crashing so I cashed out. If only I had kept everything in BTC the money would have doubled. Don't cash out early if the market has a bad day - BTC will be on the rise for the next few years.

**7deuceoff$uit** · 03-02-17, 03:23 PM

Ethereum is up like 50% this week. Might be good to throw some money into that seeing how it's much cheeper than btc. This morning it was around $18.

**PaperTrail07** · 03-02-17, 04:17 PM

Saw the same....hit the price of GOLD today----unbelievable.....to think some of the first people in on it were buying AK's and Coke off silk Road just to have a good time LMAO........

Originally posted by RoyBacon

Saw an article making the case for a $25,000 per BTC price.

We know that demand for retail is growing but todays price is well ahead of that dynamic. The best argument for much higher prices is the reserve currency one. Many countries have worthless and highly leveraged currencies. Even the US. BTC is a more finite gold with extreme liquidity. Gold is liquid too but can not be transferred through blockchain.

**raiders72001** · 03-02-17, 06:25 PM

Originally posted by 7deuceoff$uit

Ethereum is up like 50% this week. Might be good to throw some money into that seeing how it's much cheeper than btc. This morning it was around $18.

Heavy trading on both ETH and DASH.

**vinndy** · 03-02-17, 08:41 PM

Do you guys have ETH and / or BC and consider them investments?

**boomer11** · 03-02-17, 08:57 PM

keep buying!

**vinndy** · 03-02-17, 09:15 PM

Originally posted by boomer11

keep buying!

Both?

**Smartmoney87** · 03-03-17, 08:26 AM

Originally posted by raiders72001

Heavy trading on both ETH and DASH.

There's only one thing I can see that is beneficial for the future of DASH and that is part of their block reward setup and the 10% that is set aside for development or advertising. At the same time it's the other part of their reward system that is unpredictable and could lead to little investors getting washed up and wiped out. Nothing like bitcoin and not even comparable DASH has high chances of manipulation. I'm not saying you cant make money day trading it but I'd recommend if your planning on investing long term stay away from DASH.

ETH on the other hand looks like your best bet if your looking for an alternative to bitcoin. The money that's behind it and the positive consensus when it forked are important factors in success. It is setting itself up for the possibility of future manipulation but this is not built in and not set in stone YET. It will be interesting to see what the path the investors have in mind for this coin. Will be watching closely